Posted inSouth Korea

South Korea’s economy plunges 3.3% in Q2

With Covid-19 savaging markets, industries and consumer confidence worldwide, South Korea’s trade-reliant economy shrank 3.3 % quarter-on-quarter in the April-June period of 2020, its worst result since the devastating Asian financial crisis. Year-on-year, the economy was down 2.9% from the same quarter in 2019, data published Thursday found.  In terms of both year-on-year and quarter-on-quarter […]